Sunday, June 11, 2006

Anyone talking about Pink Slips (Layoffs) in India must be crazy. Those are things of the past ( The tech meltdown). With most firms hiring in thousands , the talk is about lack of skilled manpower.

However, there might be a few pink slips due to the global restructuring of some majors who have faced more competition than ever and hence resizing worldwide.Business Line discusses the possibility of some layoffs in the Indian operations of Sun Microsystems ( New CEO , Cost cutting to stay alive ) , Intel ( Global downsizing , AMD posing intense competition) , Seagate ( as a result of Maxtor acquisition) , Apple ( Shutting down Indian support centre - Did they arrive a bit late for the party ? ).

Its no sign of worry yet but proves how much integrated India is becoming with the Global economy.